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U.S. Senate confirms Wally Adeyemo as deputy treasury secretary

The U.S. Senate has confirmed Adewale Wally Adeyemo as Deputy Secretary of the Treasury, making him the first Nigerian-American to hold the powerful job. Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules. He is expected to play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments. A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury. The Senate on Thursday confirmed Adeyemo on a voice ...

Joe Biden nominates veteran diplomats for top State posts

Democratic President-elect Joe Biden on Saturday nominated U.S. foreign policy veteran Wendy Sherman, a key negotiator of the 2015 nuclear deal with Iran, to be the No. 2 official at the State Department. Biden also nominated Victoria Nuland, a retired career foreign service officer who was the top U.S. diplomat for Europe, NATO ambassador and State Department spokeswoman, to be Under Secretary for Political Affairs, effectively the third-ranking U.S. diplomat. Sherman, who has a masters degree in social work, was the State Department counselor from 1997 to 2001, a period when she was also policy coordinator on North Korea. From 1993 to 1996 she served as assistant secretary of state for legislative affairs. Because of her association with the Iran deal, which was fiercely opposed by Repub...